Section 87A provides a tax rebate to resident individual taxpayers, reducing their income tax liability if their taxable income falls within a specified threshold. The…
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Understanding Correction Statements on TDS: A Six-Year Limitation
What are Correction Statements? Correction statements are critical tools utilized by taxpayers to rectify errors in their Tax Deducted at Source (TDS) filings. These statements…
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Understanding TDS Under Section 194H: A Guide for Brokers
What is TDS Under Section 194H? TDS, or Tax Deducted at Source, is a crucial component of the Indian taxation system, introduced to collect tax…
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Important TDS and TCS Compliance Dates for October 2024
Understanding TDS and TCS Compliance The Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are crucial components of the Indian tax system.…
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